Valuing Victoria's Parks is a joint project between Parks Victoria and DELWP, that uses best-practice environmental accounting to quantify the value that Victoria's parks provide to our communities and the economy.
Valuing Victoria's parks is a joint project between Parks Victoria and DELWP, that uses best-practice environmental accounting to quantify the value that Victoria's parks provide to our communities and the economy.
The type of benefits that well-managed parks provide include clean water and air, flood regulation, breeding grounds for fish, opportunities for scientific research and education, storage of carbon for climate regulation, and suitable habitats for many native species.
Quantifying and valuing park services and benefits is not about putting a price on nature, but about recognising their contribution to community wellbeing.
Key findings in the report include:
- Tourists spend $1.4 billion per year in Victoria related to their visits to parks, adding 14,000 jobs to the State's economy.
- Our parks contain over one million hectares of catchments which supply water used for drinking, food production and other industries. The value of water filtration services provided by parks is estimated at $83 million per year.
- Parks provide important amenity for Victorian residents, with some 12,000 residences adjoining parks in Melbourne and 85,000 residences adjoining parks beyond Greater Melbourne. The value of this amenity is estimated at between $21 million and $28 million.
The report and summary can be found here:
A statement of key benefits is available on the Parks Victoria website.
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